Aviation giant Boeing and artificial intelligence (AI) firm SparkCognition have partnered to establish a new blockchain and AI focused company that will aim to enable the future of urban aerial mobility.

Boeing is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. It also provides leasing and product support services. It supports airlines and US and allied government customers in more than 150 countries.

Called SkyGrid, the two companies’ joint venture will build an AI- and blockchain-powered airspace management software platform to ensure the safe, secure integration of autonomous cargo and passenger air vehicles in the global airspace. SkyGrid, which will based in Austin, Texas, will focus on unmanned aircraft systems traffic management (UTM) and incorporating AI-powered dynamic traffic routing. The platform will enable customers to safely perform a broad range of missions and services, including package delivery, industrial inspections and emergency assistance.

“The Boeing and SparkCognition partnership is unmatched in industry today,” said Steve Nordlund, vice president and general manager of Boeing NeXt. “SkyGrid is building the digital infrastructure that will make safe, seamless commercial and personal transport possible for billions of people around the world.”

“SkyGrid merges expertise in AI, blockchain, security and aviation to deliver breakthrough technological advancements for the rapidly-growing urban aerial mobility industry,” said Amir Husain, who will serve as CEO of SkyGrid in addition to his role as founder and CEO of SparkCognition. “By offering scalable and robust capabilities in a single, integrated framework, SkyGrid will make large-scale air vehicle applications more practical and accessible.”